Kay & Company experienced the following events in March: If Kay & Company uses the weighted-average cost
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Kay & Company experienced the following events in March:
If Kay & Company uses the weighted-average cost method, calculate the company's cost of goods sold and ending inventory as of March 31 assuming the periodic method.
Transcribed Image Text:
Date Mar. 1 Purchased inventory.. Mar. 3 Mar. 15 Sold inventory.... Purchased inventory. Mar. 20 Sold inventory... Event Units Unit Cost Total Cost 100 $16 $1,600 60 100 $18 $1,800 40
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